Last year, in August, it was the rating agency Fitch, downgrading the US debt note from AAA to AA+, that had shaken market optimism. The major firm's economists still considered the outlook for the US stable but were concerned about “fiscal deterioration over the next three years, a high and rising public debt burden, and erosion of governance” relative to other major economies. The backdrop was inflation, admittedly [...]
AUGUST COMMENT 2024 - THE PARTY IS NOT OVER YET BUT THE JOYS WILL BE VOLATILE